– AUSTRALIA / CHINA, Beijing – Leyshon Resources Limited (AIM/ASX: LRL) is pleased to advise changes to the board with immediate effect, including the appointment of Mr Corey Nolan as Managing Director, replacing Mr Paul Atherley, who will remain as a Non-Executive Director.

Mr Corey Nolan is an experienced public company director and senior executive with more than 20 years’ experience in advisory, commercial and business development roles focused on the acquisition, funding, and development of resource projects.

Most recently, Mr Nolan was Executive Director (Oct 2013 – Jan 2014) and Managing Director (Sept 2009 – Sept 2013) of ASX listed, Elementos Limited. Elementos recently completed a merger to become an advanced developer of tin and tungsten resources in Tasmania, Australia. Mr Nolan was instrumental in the identification, negotiation, due diligence, structuring and execution of the merger. The merger was in response to the share market not valuing early-stage exploration opportunities and preserving value for the company’s shareholders, by shifting the company’s focus from early-stage exploration to advanced resource development. Prior to the merger, Elementos had been focused on copper and gold exploration in the Andes region of Chile and Argentina, and the Mt Isa province in Australia.

From 2006 to 2009, Mr Nolan was Business Development and Commercial Manager for Aviva Corporation, responsible for the identification, evaluation and negotiation of coal and energy related acquisition and merger opportunities in Australia and Southern Africa.

Mr Nolan commenced his career in the financial services industry as a resources equities analyst at firms including Wilson HTM and Morgan Stanley, and as a Director of the Corporate Finance practice of global firm PWC.

Mr Nolan’s qualifications include a Bachelor of Commerce, and a Masters Degree in Mineral and Energy Economics. Mr Nolan is also a graduate of the Australian Institute of Company Directors.

Commenting on the director changes, Chairman of Leyshon Resources, Mr Richard Seville said “The changes to the board will position the Company for its next phase of growth following the completion of the energy asset demerger. Mr Nolan brings a wealth of experience in both the resources sector and capital markets. We wish Mr Atherley all the best with the development of Leyshon Energy Ltd and we thank him for all his contributions at Leyshon Resources since 2004. We look forward to updating shareholders in due course on Leyshon’s growth plans”.

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